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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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* ?9 P' ~: m; C- D * 6% of Canadian households bought a home in 2009
6 d6 [& p3 g' ]1 a: W7 G, h * 43% were first-time buyers (up from 36% in 2008)
0 a' [2 ?/ O. c9 u A8 `4 p! d * 35% of buyers were age 18-34
S, U+ h) U5 T5 H9 T * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home. ^& m5 L6 c* n B( ], t
* 59% bought a larger home; 24% downsized% I$ m7 X; A+ V5 F4 }
* 74% bought an existing home; 22% bought new construction; ` i# y; U D, n2 D
* 55% purchased a single-detached home; 18% bought an apartment condo) e3 ]& {5 B, O; `
* 5% of households intend to buy in 2010; 53% of those are renters
4 ?. {; ` d$ W# _; |4 X: c * 42% of those intending to purchase plan to make a down payment of 20% or more.$ h M1 B6 u0 n1 }
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The report surveyed 5-10 metropolitan areas across the country. |
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